ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jan-02 07:17 CT

Price Action

• Last: 532.94,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -67%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: -65%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -46%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 506.50,
• 4. Pvt. Next: Pvt High 542.50,
• 5. Levels R: 680.98, 634.59, 580.70, 542.50,
• 6. Levels S: 506.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.94 Down Trend,
• (Intermediate-Term) 10 Week: 580.70 Down Trend,
• (Long-Term) 20 Week: 634.59 Down Trend,
• (Long-Term) 55 Week: 814.47 Down Trend,
• (Long-Term) 100 Week: 1049.34 Down Trend,
• (Long-Term) 200 Week: 1327.76 Down Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bearish.

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart continues to show a persistent downtrend across all timeframes. Price action remains below all major session Fibonacci grid levels (weekly, monthly, yearly), with the last price at 532.94 and momentum slow, indicating a lack of bullish conviction or reversal attempts. Both short-term and intermediate-term swing pivot trends are down, with the most recent pivot low at 506.50 and the next resistance at 542.50. All benchmark moving averages (from 5-week to 200-week) are trending lower, reinforcing the dominant bearish structure. Resistance levels are stacked well above current price, while support is limited to the recent swing low. The chart reflects a market in a prolonged decline, with no technical evidence of a reversal or significant bounce. This environment is characterized by lower highs, lower lows, and continued pressure from sellers, typical of a mature bear trend. Volatility appears contained, with no major breakout or reversal patterns visible. The overall technical landscape remains decisively bearish for swing traders.